President , he has announced hes free of the virus in immune and up dressed in airport crowd in florida today. This is important, the virus and how to deal with are central issues of the election. The president is taking the lead in opening the economy and returning to work in promoting the successful treatment, that is important stuff. Meanwhile joe biden always wearing a mask except for when hes coughing is bogged down with questions about packing the court in fracking, he will hold to events in ohio, lets see if he answers as important questions. Lefthand side of the screen, Supreme Court hearing for Amy Coney Barrett started an Opening Statement the judge said she learned from her mentor, Justice Antonio scully out. A judge must apply the law as written, not as a judge wishes it were. Vice president ial candidate Kamala Harris will participate virtually for safety reasons. Lets get to the market, the dow industrial is up for 50 on point, the s p up 20 thereabout look at the nasdaq,
Billion on amazon during the lockdown. The stock is up 169 per share. Facebook, another pandemic winner. 2. 4 billion people used facebook or one of its apps every day. That is global clout. The stock is up 16. Now, google, that is the exception to the stock price rally. They reported a firstever decline in quarterly revenue with the economy lockdown, advertisers slowed their spending. That stock is down 16 bucks. Overall, stocks are going up this morning. I see green for the dow, green for the s p and especially a lot of green for the nasdaq, up 111 points. No deal on stimulus. Democrats and republicans negotiated last night. Neither side emerged optimistic. Politico reports that offers were exchanged. The white house wants a fourmonth extension of jobless benefits. The democrats want much longer. Perhaps a deal is still possible. Here comes the hurricane. Look at that cone. Probably not going to be a good beach weather up and down the eastern seaboard this weekend. What does that do
Fullon identity politics for the democrats. Mr. Biden now has a strong lead over the president. Hes 12 points ahead in the latest fox news poll. However, look at this. There is a huge Enthusiasm Gap and it is in mr. Trumps favor. 31 say they would vote for mr. Biden because they are enthusiastic about him. Double that number, 62 , said they were enthusiastic about President Trump. His base is clearly staying with him, obviously, and that will be into play tomorrow at his the city. They have already started to line up outside the stadium. We will take you there in just a few minutes. And we will take you to wall street and you will like it. Another rally this morning. Look at this. The dow will be up over, what, 350 points, 1. 3 . A similar gain for the s p and a 1 gain for the nasdaq composite. 10,100 on the nasdaq. Whoa. Amazon roaring ahead again today. They are clear lockdown winners. Jeff bezos is a clear lockdown winner as well. Hes by far the richest person in the world. Hes now
Who would have thought we would be looking at nearly five million new jobs, record low unemployment for minorities, rapidly rising wages and no inflation . Thats what weve got. I think theyre all blinded by their contempt for all things trump. So look at this. The market rally continues this friday morning. Now we have no idea how this market closes but i can tell you that at the opening bell, we will almost certainly hit a series of new highs. The dow at the opening, up about 70. S p, up about six. Nasdaq, up about 14 points. All right. I promised a big day. We are going to deliver. At 10 00 this morning, the young radicals defend their statements about the border in congress. Are those detention facilities really concentration camps . You are going to see it. And you will see history being made on wall street. Varney company is about to begin and were going right at it. The alert. I was missing that. Okay. We ran it. All right. Whos with me now . Market watcher jonathan hoenig. Big s
china s economy. that could ripple out to the rest of the world. now, that s economics. politically, xi jinping faces a very big test. he holds maximum power and with it comes maximum responsibility. he must deal with this crisis and if he fails to perform, he s got a leadership problem. as far as our market is concerned, the virus may be holding it back just a little, but the impact seems to be fading, even as the crisis deepens in china. the dow is up 77 in premarket action. s&p up 6, nasdaq up 26. a modest bounce this morning. here s the story about america s stellar economy, which is not being recognized. larry kudlow told lou dobbs last night that european executives at davos were surprised at our economy s performance. they were not aware of trump s economic success, really? clearly, they don t get out enough or the hate trump media is alive and very well over there just like here, they only care about dragging our president and our country down. we ll deal with it.